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Jérôme Kerviel

8 years ago

Rogue trader Jérôme Kerviel hands himself in to French authorities

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Jérôme Kerviel, the most spectacular rogue trader in financial history, surrendered himself to French police on Sunday evening (May 18) and should start a three-year prison sentence for forgery and breach of trust, after walking hundreds of miles through Italy in a “march against the markets”.

Kerviel, 37, caused his bank, Societe Generale, losses of 4.9bn euros (4.1 billion euros; USD6.7 billion) in 2008 and was sentenced by French courts to a three-year jail term.
He was detained by police after crossing the border on foot from Italy, just ahead of a midnight deadline.
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